When things get back to normal, there will be crazy opportunity
BY ANDREW GIOVINAZZI November 6, 2024 Yo Pit Crazies, A lot of the last month has been tremendous energy and money poured into the election campaign. America has to do things big and the election for the President of the United States here is one of those things. Is it done to excess? Probably […]
The election is today, so here is a clue as to what is going to happen.
BY ANDREW GIOVINAZZI November 5, 2024 Yo Pit Crazies, All the betting lines moved closer to 50% for the 2024 Presidential Election. They did not go dead even and the amount of “misinformation” that is going on means someone is worried. The rhetoric is getting down right horrible with 1 day to go. I […]
VIX makes its final pre-election separation
BY ANDREW GIOVINAZZI November 3, 2024 If some of my Option Volatility Jargon is avexing, our Glossary is here. AG’s alter-ego Vol Man here with my weekly analysis. As usual, I will start with my last forecast… Last Week: “SPX 5900 top even with great tech earnings next week. Unless there is […]
Change your trading forever
BY ANDREW GIOVINAZZI November 3, 2024 Yo Pit Crazies, One thing I tell my students is that if you want to trade options you have to understand how they move and why they move. In order to be successful a trader must: Be right on direction Be right on time Be right on […]
Historic Vol Risk Premium rocking markets
BY ANDREW GIOVINAZZI October 31, 2024 Yo Pit Crazies, This cycle for Special Situations is over, you are going to miss it, but you can still join Weekly Profits Cycle and or Trading Desk whenever you want. What you see below is a snapshot of the S&P 500 Index ETF (Ticker: SPY). Stocks […]
Traders are starting to bet big on a Donald Trump win.
BY ANDREW GIOVINAZZI October 30, 2024 Yo Pit Crazies, Traders are starting to bet big on a Donald Trump win. How do I know? Well just look at Trump Media and Technology Group (Ticker: DJT). This stock is starting to take a lot of oxygen like Nvidia Inc (Ticker: NVDA) used to do at the […]
Traders draw a Line in the Sand
BY ANDREW GIOVINAZZI October 29, 2024 Yo Pit Crazies, I had a nice milestone in the Flash 10 Hannah and I launched at the end of last month. I closed some Robinhood Markets Inc (Ticker: HOOD) calls for a 100% gain and it appears the Option Fingerprints are paying off. There will be more […]
This is the biggest earnings week of the year
BY ANDREW GIOVINAZZI October 27, 2024 Yo Pit Crazies, Why is a special situation interesting? Because when the regular model assumptions are thwarted, option prices can change very quickly. That means more opportunities and better returns for traders like us. This week we have a confluence of events: This is the last full week before […]
Will an election make a difference? Well they sure can!
BY ANDREW GIOVINAZZI October 25, 2024 Yo Pit Crazies, Our contention is that an election can be a special situation. Recently a rather large South American country, Argentina, elected a populist conservative named Javier Milei. See below. You have not heard much about him lately in the press here in the USA. He took a […]
Is the Tesla earnings a special situation?
BY ANDREW GIOVINAZZI October 24, 2024 Yo Pit Crazies, Yes Tesla Inc (Ticker: TSLA) had earnings on Wednesday. They were very good with the stock up $25 as I write this. Yes we had a trade in the Trading Desk that should make us some dough, maybe 40% return by the open. But really […]